"The last loan I got was very fast and efficient and I'm very thankful."
- Teresa
A fixed-rate loan that is secured by the equity in your home. It is sometimes called a home equity loan. It enables you to use the existing equity in your home to receive a lump sum amount after closing.
Best Rate: 7.00% APR1
Homeowners Insurance: 100
Mortgage Insurance: 167
Why get your 2nd Mortgage from HFS?
Consolidate high-interest debt, remodel your home, pay off medical expenses, pay for college and more! A second mortgage allows you to painlessly access money in the equity of your home when you need it. You may be able to even deduct the interest on your taxes.2
Competitive fixed interest rates
Terms up to 15 years
Borrow up to 80% of the appraised value of the home minus the first mortgage balance
Low closing costs
No prepayment penalties
We are always helped in a professional and courteous manner. The staff is exceptional and really go out of their way to be helpful.
Additional info
Get one-on-one help today by contacting the Credit Union and asking for a Loan Officer.
Questions?
Drop us a message anytime with your questions or schedule an appointment with a loan officer.
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1 APR= Annual Percentage Rate is based on a maximum of 80% loan to value and includes a $200.00 document preparation fee. Member is responsible for all expenses incurred to secure the loan. APR does not include prepaid interest. Maximum loan amount of $822,375. Subject to credit approval.
2Consult your tax advisor.SAFE Act Information
On July 28, 2010 the Nation Credit Union Administration (NCUA) and other Federal Agencies published a final rule to implement the federal registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The registration requirements apply to all employees acting in the capacity of a Mortgage Loan Originator (MLO). The S.A.F.E. Act requires all MLOs to register with the Nationwide Mortgage Licensing System and Registry (NMLS). Upon completing this registration, each MLO is provided with a Unique Identifier number from the NMLS. An MLO must provide this Unique Identifier number to each mortgage loan applicant upon request and prior to the employee acting as an MLO.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawai’i. A minimum opening balance of $50.00 is required to open a Savings Account.
Advanced Options
Property Tax Rate
The tax that you are required to pay as a property owner levied by the city or municipality. Lookup your county rate or state average rate for a more accurate calculation.
Homeowners Insurance (Monthly)
The standard insurance policy that covers damage to your property and the things you keep in it. The average annual homeowners insurance premium is around $1,200.
HOA Fees (Monthly)
These are dues that are used by a homeowners association toward maintenance of common areas used by all homeowners in a housing development or complex.
Private Mortgage Insurance Rate
The premium for the insurance policy for FHA loans and conventional mortgages if your down payment is less than 20%. PMI typically costs between 0.5% to 1% of the entire loan amount on an annual basis. Only calculated if down payment is less than 20% of mortgage amount.
Disclosure
This calculation represents an estimate. Calculation does not factor credit score. Default input values are estimates.
Rates
| Term | Interest Rate | APR(1) | Monthly Principal & Interest Payment |
|---|---|---|---|
|
Up to 180 months |
|
|
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Rates effective as of: April 21, 2025
Disclosures
1 APR= Annual Percentage Rate is based on a maximum of 80% loan to value and includes a $200.00 document preparation fee. Member is responsible for all expenses incurred to secure the loan. APR does not include prepaid interest. Maximum loan amount of $822,375. Subject to credit approval.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawai’i. A minimum opening balance of $50.00 is required to open a Savings Account.
Additional Info
Member will be responsible for all expenses incurred to secure the loan. This includes an initial deposit of $800.00 to defray expenses for:
- Appraisal fee(s)
- Residential Mortgage Credit Report(s)
- Inspection fee(s)
- Flood Certification fee(s)
- Other incidental expenses that may be incurred to secure the loan.
Note: Member will pay before final closing, any outstanding expenses exceeding the $800.00 deposit. Member will be refunded any balance of the $800.00 initial deposit at first disbursement, or any balance can be applied to escrow costs.
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